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US lenders continued to tighten their lending standards in the last three months of 2008, the Federal Reserve’s survey on bank lending practices revealed overnight.
Almost 50 percent of the 25 banks that originated non-traditional home loans reported having tightened their lending standards on such loans as well.
In commercial lending, a substantial 65 per cent of respondents said they had tightened lending standards on commercial and industrial loans to large to middle-market firms.
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